This property might be a fair Mid-Term investment with a projected 7.75% first-year return on $57,123 initial cash invested.
7.75%
Cash On Cash
9.57%
Cap Rate
1.45
DSCR
$2,352
Rent
$369
Cashflow
Cash Flow
$2,352 income − $1,983 expenses = $369 cash flow
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,123
Downpayment
20%
$37,260
Closing costs
1%
$1,863
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,352
Total Expenses
$1,983
Mortgage P&I
43%
$1,022
Property Taxes
4%
$94
Home Insurance
3%
$67
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259